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reelection in two years. you can read too much into this election. this was not a mandate. this was a popular vote to% election, even electoral votes when he looked at the states, separated by 2%, 3%, 4%. this was not some kind of major reelection when like reagan had, like even clnton had. clinton might think, won by 8%, reagan nine, ten, 11%. there is no real mandate here. so i can't see the republicans getting too overwhelmed by these ads. the president's new popularity numbers just came out. it's 51 percent. that is a pretty small jump for a guy you just won an election. tom: t only people are really concerned, two years from now there is another whole house -- house members that will be reelected. >> and they have to go back to district that elected them to lower taxes. so you go back to that district. you promise you'll never vote for a tax increase. taxes go up. tom: two years later. >> and membersof congress think about themselves and their reelection. tom: let me ask you bout retail. on the cusp of thanksgiving, but friday coming up. all kinds of issues. you are telling me before we
, these are noises that you made to sound conciliatory after an election, and we think back to 2009. the republicans sounded very conciliatory in the days after president obama's reelection when he was holding a high approval rating, but by april or may of his first year that that had melted away. so right now is happy talk from the republicans. we will see whether that materializes into votes. lou: such happy talk, why aren't there more smiling faces in the republican party? >> pretty unhappy talk from what i can tell, and to this point pretty frivolous. you see members of the united states senate demand is not even their negotiations, but taking a timeout to beat up on grover norquist to is some on elected activists type who was not a player in this and does not have a seat at the negotiating table, was not elected. what does he have to do with any of this? is seems to me this is the opportunity for the republicans in the house, but also to some extent in the senate to explain what they want to know what kind of entitlement cuts that will demand. instead they're beating a boy norquist. lou: we als
about protecting last election. it goes right after, it hits the middle class and lower income people the hardest of course because it is incredibly regressive. let me ask you, i feel like today when i was hearing talk about trying to close this gap we're looking under every oke for more money and more tax revenue. doesn't seem like we're cutting spending very much s that the right impression. >> keep in mind, melissa. you and i know this. a lot of viewers might not know, we have 5.3 trillion deficit because of one person, that is obama. he doesn't seem to change his behavioral patterns now so it is not getting any better. how could we his own budget come up with $5.3 trillion in four years and then say, now we have to somehow find $1.2 trillion for 10 years? meantime he will continue to go ahe and increase the deficit. so i don't have any faith in it. look, this morning i was on "fox & friends." i outlined a lot of alternatives we could do where we wouldn't have to raise taxes. one was, i already introduced legislation that would take care of that. we covered it at some length. but i
vote in last month's election. sitting down today with small business leaders at the white house meaning tomorrow with the ceos of larger firms and middle class taxpayers, and then a true campaign-style rally held in a toy factory on the outskirts of philadelphia friday where the president continues his christmas themed attacks against republicans and their positions. a meeting to hash out a deal with congressional leaders not on the president's schedule as of this moment. we'll take all of this up here tonight, and republicans taking action to resolve at least part of the illegal immigration dilemma, a strong moderate alternative to the democrats' dream act proposed, a dramatic republican pivot on the issue led by two outcoining republican senators who, today, introduced the achieve act. senator hitchenson of texas works on the legislation for almost a year, among our guests here tonight, and the republican party, some say it's in disarray after the presidential defeat. what's next for the party? we examine the -- what we call republican reset. what will it look like? rnc commun
through the election. and they're handing out flyers all over the heartland of the country, obama is not going to take your guns, they're trying to fog the election and get through the election, but if they do, it's katie bar the door. stuart: yes indeedy, look at black friday. next hour we'll talk to the gun store owner who took out the ad in the paper. if you voted for barack obama, your business is not welcome. it's been great for his business. he's on the show the top of the hour coming up. perhaps all research in motion needed was "varney & company" to put it on death watch. since we did so, the stock is up 5 #% in one month. 70% up in three months, a lot of positive buzz surrounding the blackberry 10 due the end of january and the stock has gone straight up despite our death watch. maybe we should put microsoft, a stock that i own, on death watch. take a look at the video please, two armed robbers made off with nearly $100,000 in black friday cash. the two men hid in a target store in new jersey, after it closed, they entered the cash room, that's where cops say the men tied
. the election -- go ahead. i'm sorry. gerri: i was thinking, so much equanimity. >> reporter: well, the election is over. the campaign continues in washington. congressional leaders admit talks over how to get the federal budget in order have slowed. congressional aides say they have received no and buy from the white house for another deficit meeting. instead, the president is hosting small business leaders, ceos, and heading to philadelphia to sell his position on taxes. a spokesman for the house speaker says the president should be focusing on congressional democrats who republicans they refuse to offer necessary spending cuts. other republicans said democrats are simply continuing election season. >> this seems like our friend on the other side are having difficulty turning off the campaign. we need to sit down and work this matter out. >> we are all here, this administration and those who have been elected to congress, to erve the iraqi people. to suggest that we should, now that the election is over, stop talking to them about these vital issues i think is bad advice. >> republicans also
election, the november election, it was a referendum on many republicans. some of them walked away and said, okay, we did not get the senate back, we are moving forward. our republican candidates did not win the presidency were many officers. >> people were looking round the waist deep in seeing a lot of their friends have lost. barack obama may have won the white house, but e republicans do have the house of representatives. the american public is saying that we should stick to the principal principle message that we have said. washington is running way too much money. there may be differences in want of other issues, t on this one, most americans agree that there's too much waste and fraud and abuse and let's eliminate that. cheryl: where do they fit nto this scenario? fatcat ceos, those from honeywell, allstate, do you think that that is going to be a sitive conversation? will congressional leaders listen? >> i would think that they have been listening to the ceos all along. and even lookng at wall street and main street and they all say the same thing. we want certainty out of washingto
they put her up front? after results of this elect, and polling data, we all know that republicans cannot afford to attack women, especially black women, so why not, they get away with it. lou: do ark agree? you agree? >> this reminds me for one of my favorite movie, the guide to the mary man, if you get caught, deny, deny, terry thomas, he is in a segment his wife comes in catches him with a woman in bed, and she said, what are you doing with this woman, he said what woman, the wife said that woman, he said i don see don't see a e said that woman, he said there is no woman this this room, the woman gets up and leaves, and she says that woman, he said there is no woman in the room, this is it, they don't know what to do in this obama administration knows what to do when it comes to credit for a ceasefire, hillary clinton jets in this deal looks like it was baked and done, and she takes at least a pro portional credit. >> she comes out a big winner, whether it was baked, cooked or not, she leaves office of sear secretary of state with a great she looks terrific. >> people have forget know
of elections,ue soe thought we would get right to io and just show h you a fewou a fs consequences of yesterday's vote tallies and the cost thereof. cost, by the way, to you, me, and our fellow citizens.izens. the way, anybody who is under the illusion that this just affect those are making over a million dollars a year, please understand, we are going to introduce rality. grab hold of your chair if you have one nearby. we will talk about the consequence and the cost very quickly. twenty new obamacare taxes kick in, and in that 8389% investment income tax right in behind. and this means that, well, everybody is going to see just under percent added to their capital gains, even the sale of your house, folks. wait a minute. on middle-class. i just want to be in the middle class. they tell me that wouldn't happen. it's going to happen. on every transaction over a quarter million dollars. $86 billion in medicaid payroll tax kicking in. 65 billion individual employer mandated tax, another 20 billion in medical device tax, and the bush tax cuts are going to go away the first of the year. hang on. tha
: why are they doing this? i know a close election, but, it is not as if they were just wiped off the face of the earth? what are they doing? >> i think there are a couple things here, dan and i were talking, if they go ahead, and go along with this, then they are setting a tone and putting themselves at risk for midterm elections, they can't afford to lose at this point politically. but i think they know, that if theyment long-term tax solutions, a simplification of the tax code if that i want to talk about entitlement reform they have to concede a bit. i think one thing that could help both sides if we had a well the more transparency in this conversation so it is not just republicans that are strong armed here. neil: you know, dan, you are closer to this than i will be, but i have to say between this concession of republicans to entertain what could be more substantial revenue hikes, so say nothing now of embracing the idea of suzanne rice -- susan rice hearing on the benghazi thing on capitol hill, now all of a sudden, she is not a fool, there is something weird going on, i se
side. melissa: y'all think the sell-off as the election has been because people are anticipating taxes going up? the market has been terrible since the election. >> i think the market has been a little bit volatile, but i don't think that the sell-off as unnecessarily massive. the behavior on the investors indicates otherwise. we are seeing flows into of advisers and advises sticking it -- melissa: would you think? >> i disagree. very little interest. if you look at the volume alone, contrary to my muni bonds, one of the best of the year after the election. to your point about the taxation of other assets. to meet the market is already reacting to this approach and what we think will happen in 2014 and 13. that's with a think is what is really going on. the market has had a terrible runs as the election. melissa: go ahead. >> i don't think you could have it both ways. the government's having terrible balance sheets and then trumpet the performance of many bonds. when it comes down to it, we are looking at is so low volume behavior in the market. that does not indicate a whole lot of ce
constitution by an overwhelming vote of 58-42. are unions losing strength despite the re-election of the most union friendly president in our lifetime? joining us, director of labor policy for mackinaw public policy in michigan. a huge failure? >> absolutely tone deaf. you talk about what happened in michigan, talk about them killing 18,000 jobs and killing the twinkie, and now walmart. you notice all the headlines and the protesters were outside the stores. they didn't have walmart associates on strike. david: jeff points out an interesting thing is they play on the concerns of the worker, even though the workers do not want to be unionized, they say, we help you get higher pay and better benefits, ect., even if you don't want to join us to lure them in. >> funny how they do it, taking business away from wal-mart to get better pay. it's dollars and cents, and it doesn't work that way. there's a corporate campaign, trying to hurt walmart's reputation, take their business, and walmart gives into something called neutrality agreement taking away the secret ballot of workers because they want a
is ticking. it's been three weeks since the election and congress really no closer to a deal on the fiscal cliff, unless they're not telling us something. that's a possibility. now both sides appear to be focusing on what they want to rule out rather than what they're willing to compromise on. we're live on capitol hill with the very latest. david: also, we held a small business summit right here on "after the bell," and it looks like the president was watching. he has invited small business owners to discuss what they want to see from congress. we'll be talking behind the closed doors with one of those who was behind the closed doors, the ceo of bottom line growth strategy, she was at the meeting. liz: david, are you feeling lucky? david: yes. liz: the powerball jackpot at a massive $500 million, but before you run out to buy your ticket, we're going to tell you what the real payouts are. i know that won't stop you, nonetheless, you'll still get a bunch of coin. is and where the money actually goes -- and where the money actually goes. ♪ [ male announcer ] this is steve. he loves risk.
in the last election in terms of fixing the programs. >> having said that, a lot of people say i paid into social security and i deserve that. i don't see how medicaid can hold out. i think that's going to collapse a lot sooner than any economist we be forecast. >> there's a good reason why i agree with you. that may be the fastest entitlement program. here is the reason why. not because it's bankrupting washington, because they have been for 15 years. the reason is because it's bankrupting the state. states pay about 40% of the cost and every governor that i talk to, they say that we can't afford this anymore. it is becoming the top of our budget. i agree with you. that could be the program that we fix first. charles: predent obama is in and more people want out. tens of thousands of people are signing petition to secede from the union. we have ron paul on the phone right now. it sounds like you have gotten behind this. you are the biggest name attached to this so far. why do you think this is a good idea? >> well, i haven't taken the positionthat this is a good idea, but the princip
obamacare, and they were so upset and didn'tt to spend any money. and then the election, they still didn't want to do anything. resolving the fiscal cliff will not make them feel any better because the resolution will be higher taxes. >> absolutely. and that is where businesses throw out, chamber of commerce, is ask why they are not doing something, it is uncertainty. they ar paid to manage in uncertainty. there's just a lot of nonsense. the economy is not moving along very well. the discussions will not resolve the fundamental problem from exploding entitlements and mammoth increase in spending imposed on america and now want americans to validate, that is why they are not investing. melissa: it is so true. a timed everybody blamed the weather. unseasonably cold or hot. this all makes me pretty depressed and makes me feel like the economy will not get better anytime soon. >> by reelecting barack obama, he will not create jobs for them. we have seen for years worth of his tricks, and what have you dy talk about doing besides raising taxes. more jobs creation programs. it seems like stimu
and fracking and what he says on over regulati and the dollar a year salary. now thathe election is over, will the keystone pipeline timely win approval? transcanada recently submitted a new plan to the government, and i spoke with the ceo of transcanada all about tt plan as well as his expectations of the billions spent so far will be worth it, and that the pipeline will prevail. plus, wall street got the blues. u.s. debt mounts and tax hikes andrew the corner. guess what? there's plenty of ways to make money, even in an obama econy. we have all the information you need to rake it in, even when they say it's not, it's always about money. ♪ >> starting off, oil and energy, hosting money from houston, i sat down for an exclusive one-and-one with the ceo and co-founder of ki in, -- kinder morgan. we focus on the future of the energy business and natural gas. this is what he said. >> we need to have a level playing field. we need to have, in the energy field, for example, we he just tremendous opportunities, particularly in the natural gas area. we got a game changer here. we got a fuel t
moving lower. the sector began to take a hit following the election, and has yet to find its footing. liz: take a look at nat gas. they're all moving lower. the expectation of warmer weather across much of the u.s. means less usage of natural gas, particularly in the northern midwest and we were going to get snow tomorrow under an inch. david: and we are seeing weakness the department store stocks. macy's and nordstrom's underperforming in that particular sector. liz: how about some jewelry for the holidays. a rough year, but today it is making a huge push to get consumers to buy diamonds and fine jewelry. president and ceo harvey cantor here live to tell us what those deals are including a huge giveaway they're doing and how we are doing and what kind of a halo effect they're having on the giveaway. david: and economic advisors warning middle-class tax rates to rise and failing to catch could cause consumers to spend $200 million less than they normally would next year. coming up chairman of the president's council of economic advisors joining us to talk about the fiscal cliff and whethe
of this election, that won't get extended beyond june 38 because there is no election next year. gerri: college tax credit, any change? >> well, the american opportunity tax credit will expire at the end of 2012 if it is not extended we refer to the hope scholarship tax credit which means from $2,500 a year to 1800, maybe $1,900 a year and only two years to four. gerri: thank you for coming on. an absolute pleasure to have you. this is something that no one thought about what the fiscal cliff. so worried about other stuff, taxes, defense dollars. >> thank you for having me. gerri: a warning for online investors. they may have a cute baby spokesperson, but e-trade and others like it may be charging you didn't these. the results of an important new study next. ♪ ♪ [ male announcer ] they are a glowing example of what it means to be the best. and at this special time of year, they shine even brighter. ce to the winteevent and get the mercedes-benz you've always wished for, now for an exceptional price. [ santa ] ho, ho, ho, ho! [ male announcer lease a 2013 glk350 for $399 a month atour local merc
. and the three nap% interest-rate that extended to my in the midst of this election, that won't get extended beyond june 38 because there is no election next year. gerri: college tax credit, any change? >> well, the american opportunity tax credit will expire at the end of 2012 if it is not extended we refer to the hope scholarship tax credit which means from $2,500 a year to 1800, maybe $1,900 a year and only two years to four. gerri: thank you for coming on. an absolute pleasure to have you. this is mething that no one thought about what the fiscal cliff. so worried about other stuff, taxes, dense dollars. >> thank you for having me. gerri: a warning for online investors. they may have a cute baby spokesperson, but e-trade and others like it may be charging you didn't these. the results f an important new study next. 4g lte is the fastest. so, which supeast 4g lte service would yochoose, based on this chart ? don't rush into it, i'm not looking for the fastest answer. obviously verizon. okay, i have a different chart. going that way, does that make a difference ? look at verizon. it's so m
with that in the past and the president was elect today stand up for the united states, that's what this is, a problem for our country and for our-- >> and do you believe that president obama, if this tax comes down the pipe from the united nations, he will say we're not paying? get off our backs? >> there's been no talk about it. it's hard to imagine. there's no precedent for it and it's rank speculation, i can't see it happen. that's not what we're talking about. >> would he defend our interest by saying we will not sign on to a u.n. carbon tax, did he do that? >> i think he'll defend our interest by saying it's time we good up for a grave and gathering threat. stuart: the question is simple, bob. >> i'm not trying it elude your question. stuart: you're not directly answering the question. if the united nations comes up with some form of carbon tax climate change, call it a tax, call it a fee. and the u.n. diverted towards climate change movement, if they come up with that kind of demand for our money, do you think that president obama will say, you're not getting it, get lost? >> i think he would,
, in a statement says, elected officials from both parties need to listen to the will of the voters and focus on rebuilding the middle class and strengthening our economy by investing in jobs, not cuts. on the other side, conservatives say it's not a game changer because from unions, this is really nothing new. >> the fact they are publicly saying what they have been privately saying is helpful the american people understand where obama's intransigence comes from, but nothing's changed. >> they negotiated details this week of the grand fiscal cliff compromise that democrats and republicans hope to reach. lawmakers back in town neex week, and there's a meeting loosely scheduled in the white house against top democrats and republicans in congress with president obama. dagen? dagen: thank you so much, happy thanksgiving, my man. down in washington, d.c., but here in studio with my, monica crowely, author of "what the bleep just happened?" how do they have influence over the white house and represent in terms of the private job market a tiny sliver of employees in the country? >> it really is inc
. remember how quickly he threw away his 70% approval rating from the 2008 election, when he went with the spend, spend, spend approach. he's now walking in with a 50-plus percent approval rating and going for tax and spends, tax and spend. i think he'll find his approval, begin to continue its way down from where it was when he first ran. and secondly, the republicans won the house of representatives, and they won it after redistricting, which means they're all running in the same districts for ten years, so, that republican majority is here for a long time and it's fairly comfortable, they're not going to be pushed back or bullied around. the president's gone in four years, the republican house is there for ten, and they all won, having voted for and debated and discussed and explained, the ryan plan, which is entitlement reform and tax reform. it is a tougher house than we've ever had capable. >> grover, i'm looking at your picture in the new york times of all places, your picture is in the new york times yesterday, saying-- i can't hold it up because, it's there. okay? there h
governments of unfunded liabilities just to the public employees. melissa: we just had an election. people do not believe that. lou: i do not understand. the election was not about unfunded liabilities. melissa: fundamentally about the size of government and people voted bigger. lou: i must have missed that. the republican party has grown government and assume advisers to government -- governor romney were the same as president bush. melissa: is seen as the boat to four obama was bigger government. lou: and the vote for mitt romney? i am saying the intellectual integrity of the moment acknowledging it is the size of government if we can't sustain them and the social safety net programs in perpetuity when we're trillions of dollars in debt and for doing so. melissa: how do drive that message home? nobody is getting it. >> a lot of people are. but they're not being honest. there in the democratic party and if they continue to refuse what is reality, and then a cliff is a small thing and embedded for decades. it is not a pleasant experience. melissa: i am not excited. [laughter] i hear you. meli
. the countdown is 17 points. >> i am melissa francis of election is over but the president heads the campaign trail to talk about his solution for the fiscal cliff. nothing is getting done in washington. >> what is rich's the $230,000 for a tough pill to swallow for new tax hikes. so now it will buy even make dead-end. what does lou dobbs think? melissa: corporate america racing to get ahead of the cliff with wall street funds to help your wallet. melissa: time for stocks ahead to the floor of the new york stock exchange with nicole petallides confidence hitting the post recession peak but traders are not buying it? >> >> of its numbers result of the market moved higher the dow moving into the green but now was sells off continuing the trend. we're doing much of the same we're under pressure with dow jones industrial average but also of the nasdaq has some of perot's. the confidence numbers of the highest levels since february 2008 also case-schiller shows the total order for durable goods is unchanged. we have a deal on wall street and some upgrades so there are bits and pieces and many are
the election, the big question was, will israel bomb the iranian nuclear plants. i think israel has allowed itself to still have that option available to them. connell: that option is available to them and they have the election coming up. >> in january. we are at a very interesting point now in the middle east. dagen: and credible insight, always. happy thanksgiving. connell: good start to the hour. a lot of important stuff going on around the world. then we have this hostess story. they could not reach a deal with the union. the company looking to move ahead with the shutdown. you are talking about 18,000 people out of work. dagen: blackberry dumped by the government this time. they say the blackberries keep failing. an unacceptable rate. what if they held congress to the same standard? connell: steve cohen, one of the big names. he is now at the center of an insider trading case. charlie gasparino has been doing some reporting on that. he will be here to give us the very latest. first, let's look at oil. ♪ connell: markets now. heading back to nicole petallides. we do it every 15 minut
for their fiscal cliff? one of the places we're looking at, japan. there is an election coming up in the middle of december. what we are seeing is the japanese yen devaluing. one of the things we need for their economy is exports. they have been horrible. look at electronics companies right now, they are really struggling. we're looking at the fiscal cliff, the dollar holding into an 80, 81 range, and it will probably stay there until we start getting closer to the christmas holidays and when it comes to crunch time for the fiscal cliff, let's see how this shakes out. cheryl: i still can't believe the euro is as strong as it has against the dollar considering everything that is going on over there. while our economy seems to be strengthening, how do you explain that? >> there is a flight to safety. people leave europe is going to be able to pull this out. there is a lot of money brought in tinto all of this. you have japan pulling down, the yen is getting weaker and weaker. the flight to safety going to the euro dolla euro dollar and e u.s. dollar. let's wait and see how this plays out on monda
a boss. the elected political party in the gaza -- a power broker. they still considered a terrorist organization. clinton then departs from cairo to meet with egyptian president allegedly trying to broker a deal between israel and hamas, more than likely looking to preserve billions of dollars in u.s. aid to is nation. president obama has requested more than one half million in congress. tonight we will examine the parameters of any so-called israeli gaza peace deal and the real possibility that such a deal has in essence been stuck as -- struck already. been kept officially on hold until the obama administration could take some of the credit. some of the brightest minds in the business. john bolton, fox middle east affairs analyst. in other major developments tonight, the world's most important banker doing well street investors no favors real acquainting them instead with the scary parts of the fiscal cliff story. the federal reserve chairman spooking investors saying that the bank would not have infinite ability to address the fallout from the failure to avoid going over the so-c
. if you look at the election, i don't think the only mandate i really saw to that was both sides depending on which side of the aisle you are on are very angry about what's going on and the lack of leadership from any of our elected officials so i think it is going to be kind of a can kicking down the road liz but they will come up with some type of resolution. i think that's why the s&ps are really holding on to 100 day moving average. we are a few handles below it on the s&p today. liz: fox business news alert merck is increasing dividend from 42 cents to 43 cents, for shareholders of record december 17th. they are the ones who are going to get this. you are starting to see this behavior teddy where yeah i mean companies are moving it up, moving their dividend gains or whatever they want to do for shareholders before that first of the year. >> i think it's shareholder friendly, liz, but at the end of the day i don't think it means anything. i have lived with ordinary income tax rates on dividends for most of my trading adult life and 0 interest rate environment, you get a company that pa
that was dictated by the election results and it's dictated by the election results and the republicans can't be the people who hold back the entire movement of taxes and tax cuts extended for most people and i wish they could keep the highest tax rates slow where they are, because that's where the job creators are, and i think that the republicans will ultimately come to a deal and you know, they have to, otherwise, obama could hold it over their heads and beat them with it and claim that the republicans are the recalcitrant holdovers and i hope they don't do too much. stuart: i haven't heard anything on the other side of the fence, which is entitlement reform and spending cuts and that's ignored on the tax side of things. >> well, it's all politics, stuart. you know, they don't have to move right now. they just want to the let the republicans sit there and stew in their own juices, which is what's going on. the faster the democrats act the less political gain from the pressure under republicans. there's no real incentive for democrats to come out and be accommodative and they won't be unt
. their first sit down since the election november 6. tonight's record-breaking powerball jackpot is now up to $550 million. people lining up across the country for their chance to hit it big. if you think you're going to become an instant millionaire, here's a sobering stat. the odds are one in 175 million. those are your headlines. back to you. lori: thank you. melissa: are you sharing your lottery winnings with me? lori: yesterray i was on the fence, but i've decided i should be generous. melissa: in the summer knight capital was fighting for it survival after aaron's trading wiped out money from the balance sheet. but they find themselves in the middle of a bidding war as high frequency trading outfit tries to outbid their arrival. who has the advantage? which has the advantage. >> we report, you decide. i will lay ouu a couple of things. convincing the board to accept an all cash. from $3 plus. we don't know what the plus is, that could be a big thing. they're looking to do this by telling the board members, who actually like the ceo, tom joyce. he corralled the new investors when they
on to foxnews.com. ♪ >> well, the election is over and the white house is putting out new rules for the health care law, one is telling how to reward workers for living a healthier life. so, ben, you know what? let's put aside the worry that this is going to drive up cost? isn't this more of the nancy state nonsense? >> big brother is watching you, big brother is watching you through the obama white house, through the department of health and human services and transmit that to the job and also to your employer. i don't like it. i don't want big brother watching me and telling me how much to eat or when to walk or whether or not to smoke, i like to live my own life, and i'm a grownup. i had my mother telling me what to to eat when i'm a child, i'm done with that, i don't want mr. obama to be my mother. >> and i listen to my mommy and calls me and tells me to eat more veggies i will, but i draw the line there. julian, i think it's part of that social utopia coming out of washington these days, not only ultimately expensive, but takes away from personal liberties. it's one thing to try to pick w
. but after the election now front and center all the coverage really is the fiscal cliff, the warnings, what might happen. that is finally, as a result, starting to hit home. in october, for example, very few people have the fiscal cliff on the radar screen. now half of them are worried about it. i think it has moved up the list now for the first time for consumers. melissa: to ask why they are not buying more, they will stand so darn right about that fiscal cliff, i will not get an extra toy. >> how they really feel it is the equity market is not doing well in the last month. that is what brings it home for consumers. you can ask how has the economy thabeen doing the last couple of weeks they don't feel quite as good as they did a couple of months ago. a lolove that is the equity mar. melissa: the fiscal cliff is probably symbolic that this idea that we have the same people in washington sitting there agreeing about nothing and getting nothing done and whether it is the fiscal cliff specifically for the economy in general, these people are there doing nothing, still they're the ones who hel
to be in a trading just like when i saa you the last time before the election. i think they will sweat as. i think everybody will get scared. i think you will be an enormously wonderful buying opportunity for stocks that you like if they cause the market to go down a lot. lou: at which time can be still declare it to be christmas? >> one would hope. we have children. lou: thank you for being here. we will see how it plays out. we will hang on and keep our fingers crossed. white house spokesman says the president just is really impressed with the ambassador and does not care about the consequences of misleading the public on what happened there. we are joined in moments. and the so-called fiscal cliff dominating debate in washington d.c. a lot of talk. what about the finances in state capital all across the country? folks are kind of ignoring another source of -- well, let's say inched. take a look at some of the worst offenders in the "chalk talk" here next. stay with us. ♪ [ engine revs ] ♪ ♪ [ male announcer ] e mercedes-benz winter event is back, no matter which list you're on. [ santa ]
plan has been on the mind of what investors. before the election we were down significantly below $1,700 but now that obama has four more years to try to figure out this mess and the fiscal click coming you are seeing something back in the gold market and we are $20 today which under normal circumstances would to excite me that much but trading around this area, possibly on the cusp of head over $1,800 in a short period of time. liz: what about silver contract? >>> silver on love. it has been heavily higher, it is a good level of support, the net level of resistance is $35 which could be obviously a blank like $1,800 in gold. the next couple weeks we will test it again and see how that plays out with the fiscal coin. cheryl: thank you, appreciate it. they were lined up around the block at the iconic macy's herald square. to take advantage of today's black friday deals. terry lundgren was there to help shoppers with any questions, big or small littoral year earlier, had a chance to talk about the impact of superstorm sandy on macy's bottom-line and a personal toll it took on his emplo
and bipartisan effort now that the election is over. melissa: so you think he's your only go here? >> well, yes, we think that his efforts could make a huge difference. we were awarded this back in march of 2010. president obama awarded this to virginia, and unfortunately after the vp bill in april, our sale was initially postponed. then it was eventually canceled. what we are trying to do is reinstate the sale. melissa: how much oil are we talking about here, what with the estimates? what would it mean for you? >> well, the estimates, which are actually 30 years old, they were done 30 years ago. estimating 3.3 billion barrels of oil and over 31 trillion cubic feet of gas off of virginia. typically, these estimates are overproduce when they are actually developed. we think there is a substantial amount out there, and according to estimates, 31,000 jobs could be created by exploring that area. we think it's good for the economy. it's good for tax revenue. it is something that the president could do. >> i have followed this industry for a long time. these estimates are very conservative, there is
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